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Marco was injured in a boating accident, and the insurance company has offered him the choice of $25,000 per year for 15 years, with the
Marco was injured in a boating accident, and the insurance company has offered him the choice of $25,000 per year for 15 years, with the first payment being made today, or a lump sum. If a fair return is 7.5%, how large must the lump sum be to leave Marco as well off financially as with the annuity
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Financial Management Principles And Practices
Authors: Sudhindra Bhat
2nd Edition
8174465863, 978-8174465863
